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Richard P. Eckman Quoted in BNA's Banking Report, 'FDIC Guidance to Banks Ups the Ante on Marketplace Lending Deals'

8/22/2016
Richard P. Eckman Quoted in BNA's Banking Report, 'FDIC Guidance to Banks Ups the Ante on Marketplace Lending Deals'

Richard P. Eckman, a partner in the Wilmington office of Pepper Hamilton, was quoted in the August 22, 2016 BNA's Banking Report article, "FDIC Guidance to Banks Ups the Ante on Marketplace Lending Deals."

The new guidance “is sort of a more fulsome response to the question of what is the responsibility of a bank that is collaborating with a marketplace lender,” Richard Eckman, a partner with Pepper Hamilton LLC in Wilmington, Del., and an expert in marketplace lending, told Bloomberg BNA.

“It's certainly comprehensive, but I think it's just designed to put the banks on notice that they really need to sort of underwrite the whole program that the marketplace platforms are offering or providing so that they cover all aspects of risk,” Eckman said.

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